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FINANCE

  • Report: Children’s apparel retailer preparing bankruptcy filing

    Gymboree Corp.’s debt and mounting losses may have finally caught up with it.   The embattled retailer is preparing to file for Chapter 11 bankruptcy protection, Bloomberg reported, as it faces a June 1 interest payment on its debt.   Gymboree has more than $1 billion in debt resulting from its Bain Capital buyout in 2010. It warned in March that it was running short on cash.   

  • Report sends Amazon’s stock price surges

    Amazon’s upward trajectory is not going to stop anytime soon — and it’s not going unnoticed on Wall Street.  

  • Supervalu in $375 million acquisition

    Supervalu Inc. has entered into a deal that will expand its wholesale business into the West Coast.    The company announced it will acquire Unified Grocers, a California-based wholesale grocery distributor, for approximately $375 million.   

  • Whole Foods Market under pressure

    After six straight quarters of declining same-store sales, Whole Foods Market is feeling the heat.    Activist investor Jana Partners disclosed it had taken an 8.3% stake in the chain, and wants to accelerate its turnaround, Bloomberg reported.  

  • Regional sporting goods retailer acquired by former grocery CEO

    Omega Sports has a new owner.    The Greensboro, North Carolina-based sporting goods retailer has been acquired by Craig and Kristin Carlock. Effective immediately, Craig Carlock, former CEO of specialty grocer The Fresh Market, is Omega’s new CEO.  

  • Consumer electronics retailer to close all stores

    The going-out-of-business sales have started at Hhgregg.   The bankrupt retailer began liquidating its assets on Saturday, April 8, after failing to find a buyer. The chain said it expects to close all of its 220 stores by the end of May.  

  • Report: Eastern Outfitters LLC seeks speedy store closures

    Eastern Outfitters could soon be adding to the surge of store closings among U.S. retailers.   The company won a court order on Thursday, April 6, for an expedited hearing on its plan to shutter 48 of the 86 stores its operates under the Bob's Stores and Eastern Mountain Sports brands, according to Reuters.  

  • L Brands’ March comps sink

    L Brands’ recent exit from swimwear continues to take its toll on the company’s sales.    The specialty retailer, which operates Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, reported its net sales decreased 7% to  $951.4 million for the five weeks ended April 1, 2017. This is compared to net sales of $1.027 billion for the five weeks ended April 2 , 2016.  

  • Stage Stores closes Gordmans deal

    Stage Stores is officially adding Gordmans stores to its portfolio.   Stage Stores closed on its previously announced acquisition of selected assets of Gordmans Stores, the Omaha, Nebraska-based department store chain that filed for Chapter 11 on March 13.   

  • Luggage e-retailer purchased by iconic travel brand

    eBags is about to embark on a new journey.   The online luggage retailer is being acquired by Samsonite International. The deal, which is valued at $105 million, is part of Samsonite’s ongoing strategy to accelerate the growth of its direct-to-consumer, e-commerce business, and strengthen its existing digital capabilities, the company reported.   
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